Key Takeaways
- • CBRE has made an investment in Fifth Wall's Climate Technology Fund, according to a Business Wire press release dated March 28, 2022, datelined Dallas.
- • The fund targets technologies that decarbonize commercial real estate and adjacent sectors such as energy and manufacturing.
- • CBRE describes itself as the world's largest commercial real estate services and investment firm based on 2021 revenue, with more than 105,000 employees serving clients in over 100 countries.
- • CBRE has invested in Fifth Wall programs since 2016, and the stake is intended to give it early access to climate technologies for its client sustainability solutions.
Summary
CBRE has announced an investment in Fifth Wall's Climate Technology Fund, a move the company says is aimed at advancing sustainability in commercial real estate, according to a Business Wire release issued from Dallas. The fund will invest in technologies intended to contribute to the decarbonization of the commercial real estate industry, as well as adjacent sectors including energy and manufacturing. The release did not disclose the size of CBRE's commitment.
CBRE positions itself as the world's largest manager of commercial buildings and says it is well placed to help limit rising global temperatures through sustainable practices in the built environment. The company states that its investment will provide insight into, and access to, early-stage technologies that could strengthen its sustainability offerings for clients and support its own sustainability goals.
Sandeep Davé, CBRE's Chief Digital and Technology Officer, said that climate technology development has increased sharply due to a changing regulatory environment, ambitious corporate sustainability targets and other catalysts. He said the firm believes technology can make a significant contribution to reaching net-zero in the built environment and expects to invest in market-changing innovations that benefit its clients.
CBRE has been an investor in Fifth Wall investment programs since 2016. The company, a Fortune 500 and S&P 500 constituent headquartered in Dallas, reports services spanning facilities and project management, property management, investment management, appraisal and valuation, leasing, strategic consulting, property sales, mortgage and development services.
CBRE positions itself as the world's largest manager of commercial buildings and says it is well placed to help limit rising global temperatures through sustainable practices in the built environment. The company states that its investment will provide insight into, and access to, early-stage technologies that could strengthen its sustainability offerings for clients and support its own sustainability goals.
Sandeep Davé, CBRE's Chief Digital and Technology Officer, said that climate technology development has increased sharply due to a changing regulatory environment, ambitious corporate sustainability targets and other catalysts. He said the firm believes technology can make a significant contribution to reaching net-zero in the built environment and expects to invest in market-changing innovations that benefit its clients.
CBRE has been an investor in Fifth Wall investment programs since 2016. The company, a Fortune 500 and S&P 500 constituent headquartered in Dallas, reports services spanning facilities and project management, property management, investment management, appraisal and valuation, leasing, strategic consulting, property sales, mortgage and development services.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.